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Mobile terminal for P2P distribution of digital value tokens

Reference number
Funding from Vinnova SEK 1 385 000
Project duration May 2017 - March 2018
Status Completed

Purpose and goal

Achieved business and regulatory goals. Acquired deep know-how on what the challenges are in our business, and what legal requirements and obstacles exist. Certain implementations of our intended service were hindered by significant legal risks, and therefore we have not yet launched P2P functionality. We have as a result of the project developed and launched our integration with the Lightning protocol for micropayments, where we were the first in the world to launch a live consumer service and where we today are a world-leading player.

Expected results and effects

Although the final product has not yet been launched, the work we have done on the Lightning protocol (microtransactions) has achieved world leading innovation and has made us a name globally. We have become world leaders in the implementation of cryptographic payments, awarded the Swedish Blocktech award, and have been invited to present at four conferences. The innovation has made us a name globally as a Swedish company and contributed greatly to our brand, towards customers, investors and potential future skilled employees. This would not have happened without the Vinnova support.

Planned approach and implementation

The Blockchain Industry is very fast-moving and rapidly changing, making long term planning difficult. During a chaotic time (for the industry as a whole) we have managed to build world renown innovative services and acquired the necessary business and regulatory knowledge and c network necessary for the next step towards something even bigger.

External links

The project description has been provided by the project members themselves and the text has not been looked at by our editors.

Last updated 6 May 2019

Reference number 2017-00713

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